Rcom added 1.63 mn Subscribers in May'08

Reliance Communications Ltd, India's second-largest mobile operator, announced that it had added 1.63 million mobile users in May. Reliance Communications is in talks with South African mobile operator MTN for a possible combination that would create a top-10 global telecoms firm, had 47.4 million subscribers as of end-April, as per the data from the telecom regulator. RCOM share price closed today at Rs.540.